https://www.americanthinker.com/blog/2020/02/what_the_coronavirus_is_doing_and_will_do_to_china.html
The coronavirus is an epidemic in China and seems to be morphing into a worldwide pandemic. In its current form, the virus does not appear to be extremely deadly, but the fear is that it could mutate into something far worse. Maybe it will; maybe it won’t.
In any event, much of China is now on lockdown. Travel is restricted, and people are being prevented from going to work to curtail the spread of the virus. This is until February 10 at the least. And it’s happening not just in Wuhan, the viral epicenter, but in many other provinces, including modernistic Shanghai. As Peter Zeihan reports, “[t]he most dynamic portion of the Chinese economy — the Yangtze Basin — is at least for now closed for business.” He estimates that this could knock off a full GDP percentage point from China’s already sagging economy.
From there, things get worse. There has already been a three-year exodus of manufacturing out of China due to uncertainties over the trade war, rising labor costs, environmental concerns, access to raw materials, and China’s increasing authoritarian nature. This coronavirus outbreak can only accelerate the trend of companies to relocate out of China proper. Commerce secretary Wilbur Ross touched on this in an interview with NBC News. He said:
Well, first of all, every American’s heart has to go out to the victims of the coronavirus. So, I don’t want to talk about a victory lap over a very unfortunate, very malignant disease,” Ross told Fox Business Network on Thursday. “But the fact is, it does give businesses yet another thing to consider when they go through their review of their supply chain.”